Call Us Today: 760 930 7931

Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

Agreement

Share this property with your friends

Please type comma separated emails if you want to share these properties with multiple people.

Submit Offer

Chili’s

521 East Nolana Ave, McAllen, TX, 78504
For Sale

Property Details

  • Price: $4,060,000
  • Property Type: Medical
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 1.45 AC
  • Lease Type: Absolute NNN
  • Year Built: 2001
  • Parking: 123
  • Tenancy: Single Tenant
  • Available SF: 5,842 SF

Property Description

SECURE INCOME STREAM

  • 15-Year Absolute NNN Lease with Over 10 Years Remaining, No Landlord Responsibilities
  • Rare 1.5% Annual Increases, 20+ Year Operating History at this Location
  • Corporate Guaranteed Lease from Brinker International, Inc. (NYSE: EAT)
  • $3.34 Billion in Revenue (2021), an 8.4% Year Over Year Growth
  • Brinker’s 2022 Revenue of $3.8B is a 12.97% Increase Over 2021
  • #2 Ranked Chili’s Nationwide, #1 Ranked Chili’s in Texas (Placer.ai)
  • 477.7K Visitors in 2022 (Placer. ai)

PROXIMITY

  • 264,630 Residents in Primary Trade Area
  • Excellent Access and Visibility to 30,722 Cards/Day Along Major Retail Corridor
  • $92,643 Average Household Income in a 1-Mile Radius
  • High-Growth Market, Population Increased 14% Since 2010
  • 315,279 Day Population, Boosted by Daily Cross Border Traffic from Mexico (5 Miles)
  • Minutes to South Texas College – Pecan Campus (28,184 Students / 2,654 Employees) and University of Texas Rio Grade Valley (29,000 Students /4,887 Employees)
  • Surrounded by Several K-12 Schools with 21,602 Combined Students
  • Hidalgo County is the 8th Largest County in Texas with 800,000 Residents
  • McAllen is Designated as a Foreign Trade Zone, Established as Major Hub for International Trade and Distribution
    South Texas Accounts for $84.8B of State’s GDP (2020)

Download File

Download File

Download Offering Memorandum

3D Tour

Offering Memorandum
Share this property

Request Information


Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

>